financial independence Archives - Page 9 of 10

February 18, 2019May 6, 2020

Regrets: Any Day Could Be Your Last

I’ve been sitting on this concept for a while, but I lacked the inspiration until it hit me like a sack of bricks early last week. I stumbled upon a must-read news article with an unbeatable title: Colorado trail runner attacked by mountain lion choked cat to death with hands, arms and feet. Yes, that is the actual title. Regardless of your religious or agnostic leanings, we have one shot at this life. I know nothing about this man — clearly the stuff of legends — but a peaceful run in the mountains very nearly came down to his final moments. It begs the question: if your life ended today, would you have any regrets?

February 11, 2019February 11, 2019

Financial Independence: So Who is This For?

We’re almost five months in on this project, but I’ve never clearly defined the intended audience for this content. As mentioned here, this site was launched to link the seemingly unrelated topics of personal finance and rock climbing. No doubt, the overlap on the Venn diagram of these two communities is going to be slim. So who is both willing and able to achieve a life of financial independence?

February 4, 2019February 21, 2021

Mallorca: January Adventures and the Cost to Do It

We’ve just wrapped up a two-week stay in Europe, most of which was spent on Mallorca, in the Balearic Islands of Spain. As previously discussed, we jumped on what was essentially a free flight to Frankfurt, Germany, spending a night on either end of the trip there. We also leaned on our five key tips for saving money while traveling abroad. Shall we take a look at some pretty pictures and tally the final bill?

January 28, 2019May 4, 2019

Dogs and Your Money: An Ode to Man’s Best Friend

The pursuit of financial independence is a pursuit of happiness. Money is not the goal. Money is the vehicle that allows for a life centered around happiness. We write here about a philosophy centered around simple living and simple investing, but at the end of the day the entire goal is to provide more time to acquire true and meaningful fulfillment in our lives. Writing about this stuff often makes me feel like a bit of a used car salesman — convincing people to invest in stocks and open up credit cards — so I’m happy to take this opportunity to write more freely about, well, life. And dogs.

It’s very exciting to get wrapped up in all the ways to optimize, all the short-cuts and refinements, but I’m sometimes reminded of how quickly all the joys in life can be suddenly upended.

January 7, 2019October 28, 2019

Five “Essentials” That Are Destroying Your Savings

Well folks, new year, new goals. Are you looking to increase your savings rate this year?

Are you really interested in saving? “No” is a completely acceptable answer, by the way. If you prefer to answer no, you can largely disregard what’s written below and carry on with a plan more suitable for you. We fully recognize that a frugal existence is not for everyone. We cool? Cool.

However, if you’re really interested in saving tens of thousands of dollars, it’s going to require not only change, but a complete re-framing of your lifestyle.

These sort of changes will require a degree of discomfort — whether it’s physical, social, or otherwise — until you become accustomed to a new normal. That’s the beauty of the human condition; we’re adaptable. Take it from us that perceived discomfort can, with time, result in a new-found appreciation for a more simple existence. And the benefits are not purely financial. Building a new life of simplicity brings the benefits of a difficult-to-describe feeling of place in the world. A place you’ve earned, not bought. If you trust us in that, let’s read on.

December 31, 2018December 30, 2018

Getting Down with Charlie “Brown”

Charlie is indeed his first name, but I playfully made up the “Brown” part. Isn’t that fun?! Charlie has asked to remain partially anonymous (as we do here), because he’s discussing some stuff that his bosses might not like. We get it — nothing says I want a big bonus this year like “save money, retire early, blah, blah” on the internet.

The real Charlie Brown is kind of a downer, but not this Charlie. He and his wife are gaming out their life, and that’s pretty cool.

December 17, 2018January 20, 2020

Five Ways to Recession-Proof Your Life

Market volatility and the potential for a recession is what gives the stock market a bad name, right? No silly, as we’ve discussed here, it’s really the investor’s psychology that gives the market a bad name. Because the market always goes up…eventually.

With the recent market volatility we’ve been seeing in late 2018, it feels timely to discuss the impacts of a recession on someone living off their investments. Even if you care zero about financial independence and investing, a recession could mean an abrupt cessation of your paycheck. Let’s strap on bullet-proof vests together!

December 3, 2018December 26, 2018

Keeping the “Safe” in Safe Withdrawal Rate

Musings on How We Plan to Live off our Money

The question we are asked the most about financial independence — and especially the “retire early” portion of the equation — is how we plan to live off the money we’ve saved and invested. Are we even going to retire early? What will we do with our time? What if the market goes down? Sorry, that’s more than one question, isn’t it? The first critical aspect to address in a post-FI life is the safe withdrawal rate. Let’s take a look…

Continue reading “Keeping the “Safe” in Safe Withdrawal Rate”

November 19, 2018December 22, 2018

Mark Anderson: Fully Optimized

Mark Anderson is more than just an impressive climber. He’s also the co-author of the wildly popular The Rock Climber’s Training Manual, a husband, a father of two young children, and a prolific route developer. Oh yeah, and he balances all of this with a full-time career completely independent of rock climbing. On top of all that, Mark and his wife are pursuing financial independence!

November 12, 2018January 22, 2022

Part 2: The CC Family Investing Strategy

Investing Strategy: Where Exactly is Our Money?

This is Part 2 in a series. Check out Part 1 for our investing strategy and asset allocation.

Now you have a sense of our investing strategy in terms of asset allocation, but that’s not helping you get started. Let’s take a look at some common investment “buckets” and how we are dividing out our investments.

It’s easy to get lost in the details, so let’s break it down to the basics right up front. No more paralysis by analysis. Below are our top five pillars of a sound investing strategy.